AT&T Inc. (NYSE:T) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. reduced its position in shares of AT&T Inc. (NYSE:T) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 289,538 shares of the technology company’s stock after selling 6,404 shares during the period. J.W. Cole Advisors Inc.’s holdings in AT&T were worth $6,593,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Csenge Advisory Group increased its stake in AT&T by 22.4% in the 4th quarter. Csenge Advisory Group now owns 144,905 shares of the technology company’s stock worth $3,299,000 after purchasing an additional 26,540 shares in the last quarter. James Investment Research Inc. increased its stake in AT&T by 1.7% in the 4th quarter. James Investment Research Inc. now owns 58,271 shares of the technology company’s stock worth $1,327,000 after purchasing an additional 981 shares in the last quarter. Game Plan Financial Advisors LLC increased its stake in AT&T by 220.7% in the 4th quarter. Game Plan Financial Advisors LLC now owns 61,105 shares of the technology company’s stock worth $1,387,000 after purchasing an additional 42,050 shares in the last quarter. Hourglass Capital LLC increased its stake in AT&T by 4.9% in the 4th quarter. Hourglass Capital LLC now owns 191,960 shares of the technology company’s stock worth $4,371,000 after purchasing an additional 8,950 shares in the last quarter. Finally, Tcfg Wealth Management LLC increased its stake in AT&T by 3.7% in the 4th quarter. Tcfg Wealth Management LLC now owns 16,158 shares of the technology company’s stock worth $368,000 after purchasing an additional 569 shares in the last quarter. 57.10% of the stock is owned by institutional investors and hedge funds.

AT&T Stock Up 1.0 %

T opened at $25.88 on Friday. The business has a 50 day moving average price of $23.23 and a 200 day moving average price of $22.04. AT&T Inc. has a twelve month low of $15.94 and a twelve month high of $25.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a market cap of $185.66 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.59.

AT&T (NYSE:T) last posted its earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. Research analysts forecast that AT&T Inc. will post 2.15 EPS for the current year.

AT&T Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 10th were issued a $0.2775 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.11 annualized dividend and a yield of 4.29%. AT&T’s dividend payout ratio (DPR) is currently 74.50%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on T. Morgan Stanley raised AT&T from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Citigroup lifted their price target on AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Oppenheimer assumed coverage on AT&T in a research report on Tuesday, December 10th. They set an “outperform” rating and a $28.00 price objective for the company. Royal Bank of Canada raised their price objective on AT&T from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group raised their price objective on AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.